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What’s new in sales tax?

TaxConnex

Elsewhere California has introduced several administrative changes to sales tax and fee laws managed by the state Department of Tax and Fee Administration. Nevada , starting Jan. Add to that the fact that many U.S. We feel your pain, mate. 1, will exempt baby and adult diapers from sales tax, voters decided in the recent election.

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Special Report: 2025 Readers’ Choice Awards

CPA Practice

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Wayfair’s 7th birthday: Sales tax changes continue

TaxConnex

Groceries and baby supplies continue to benefit from new exemptions, most lately in Nevada, with feminine hygiene products not far behind. Missouri, for instance, has new exemptions for streaming and satellite TV companies from local franchise fees. Tax breaks.

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Tax Fraud Blotter: Boundless energy

Accounting Today

Individuals disciplined include: California: Enrolled Agent William E. Georgia: Attorney Nevada M. San Jose, California: Execs Lalo Valdez and Matthew Olson have pleaded guilty to not paying over employment taxes to the IRS. Olson was also one of the owners and operators of a day spa in Saratoga, California. million.

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Mastering U.S. Federal Payroll Compliance

CPA Practice

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What oil and gas companies need to know about taxation worldwide

ThomsonReuters

Lease sales: Expands the ability of oil and gas companies to obtain leases for drilling on public land in states such as Alaska, Colorado, Montana, New Mexico, Nevada, and North Dakota, as well as U.S.-controlled These states include California, Idaho, Montana, and North Carolina. controlled waters in the Gulf of Mexico.

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Legalization and Taxation of Cannabis

TaxConnex

Other states doing well with tax on marijuana include Oregon, Nevada, Massachusetts, Illinois, and Michigan. California: For adult use retail sales there is a statewide 15% excise tax as well as a statewide sales tax rate of 7.25%. And Colorado raked in $362 million in marijuana taxes in 2020, a 30% jump from 2019.